Both can be used but i think with a little bit correction in second one... As The first is related in creating conditions or the first is related to create conditions..

The short answer is that both can be correct. I may be able to tell you if one fits better than another if you shared the context of the phrase.

"1. The first is related to the creation of conditions for rural women to benefit from the government ***assistance***. or 2. The first is related to creating conditions for rural women to benefit from the government ***assistance***." Apart from that, both are correct. So, gerund or infinitive.

I'd tend to use the active "relates to" rather than "is related to" (for simplicity). And while the use of the gerund "creating conditions" isn't incorrect here, I'd still tend to use the infinitive form because you seem to be discussing a hypothetical/possible future situation, rather than a present activity. So I'd say: "the first relates to the creation of conditions for rural women to benefit from the government" Finally, the difference is NOT related to tense (sentence 2 is not present continuous, it's a gerund). Both are expressed in present time.

Thanks!